Tullow Oil Share Discussion Threads

[mcsean2164] 24/5/2022 08:38

I find it astonishing that poo is over $100 a barrel and yet we're at this share price..

[grupo guitarlumber] 23/5/2022 18:47

2022 Notice of Annual General Meeting

25 MAY 2022 at 12 noon

The London offices of Tullow Oil plc, 9 Chiswick Park, 566 Chiswick High Road, London W4 5XT

[kulvinder] 23/5/2022 08:29

If you been day trading between the 53 to 56p range, I reckon you would have done alright out of this these last few months...beyond that nothing much happening especially if you stuck in this at higher than 57p....

[waldron] 23/5/2022 07:00

2022 Notice of Annual General Meeting

25 MAY 2022 at 12 noon

The London offices of Tullow Oil plc, 9 Chiswick Park, 566 Chiswick High Road, London W4 5XT

[xxnjr] 21/5/2022 23:10

Thx SS. Timings fit. It takes about 10.5 days at 90K to produce enough oil to fill a standard tanker cargo of 950,000 bbls. Considering it takes 2 days* from hookup to offload a cargo from FPSO then we can deduce FPSO restart would have been approx (10.5 - 2) = 8.5 days ago assuming Jubilee went straight back to producing at 90K.

In short..... looks like Jubilee came on at, at least 90K on restart!

* Offload may only take 1 day if 2nd Jubilee offloading line fully commissioned during shut down which hadn't been the case so far.

Guyana. The rig looks to be heading for here

Only 10 kms to go now.

[fizzmiss] 21/5/2022 21:28

Kenya will be nothing more than an appalling deal for shareholders, historically, so invest accordingly. WOOF, WOOF STOCK!

Raul is not up to the job IMHO to date !

[subsurface] 21/5/2022 15:04

Right XX Kosmos said end of the week when they reported nice to get the shutdown out of the way.
Can start thinking about Ten production.

[xxnjr] 21/5/2022 08:17

Hi folks,

Someone said (KOS 1Q, I think) J FPSO would be back up and producing by last week-end. Seems to have gone to plan as the next tanker is manoeuvring towards the FPSO this morning to take on a cargo.

Over to Guyana. Rig almost there. About 75 kms to drill site.

[waldron] 20/5/2022 05:27

Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Crude benchmarks continued their spate of wild swings, with both Brent and U.S. crude rising by nearly $5 a barrel in the span of a few hours, recovering from losses earlier in the week.

Brent crude futures for July ended the day at $112.04 per barrel for a gain of 2.7%. U.S. West Texas Intermediate (WTI) crude futures for June settled $2.62, or 2.4%, higher at $112.21 per barrel.

[fizzmiss] 19/5/2022 07:26

China in further lockdowns due to spread of Covid, which will affect economy.

The flareups underscore the challenges China faces in pursing Covid Zero policy, which have already taken an enormous economic toll.

Dow Jones crashes over 12000 points with possible more to come today.

Red Red Red, dont let the bed bugs bite

[xxnjr] 19/5/2022 07:20

Petrofac assuming responsibility for DECOM work on Tiof and Banda as Maersk Decom are closing down.



On rigs. No sign of the 2nd rig for Ghana JSE yet. The market for drill ships is tightening; given recent efficiencies, maybe one Ghana rig will suffice?.....

[fizzmiss] 19/5/2022 06:42

Red Red Red

I did warn of a world market crash and itsssssss commmingggggggggggggggggg; so invest accordingly!

[subsurface] 19/5/2022 00:19

More gas and oil infrastructure

The European Commission has given more details on how it plans to end Europe's dependence on Russian fossil fuels.

Even if they are fast-tracked in special zones, new wind and solar plants will still take time.

To quickly diversify from Russian fossil fuels, the EU is investing up to €12 billion in pipelines and Liquified Natural Gas (LNG) terminals to improve access to gas and oil from other countries including Egypt, Israel and Nigeria.

[la forge] 18/5/2022 12:11

OFFSHORE ENERGY

Petrofac takes over decommissioning scope in Mauritania from Maersk Decom


May 18, 2022, by Nermina Kulovic

Oilfield services provider Petrofac has grown its presence in Africa after having been selected by Tullow Oil to provide well decommissioning services in Mauritania.

The contract, with a potential total value of more than $60 million, involves the project management, engineering, planning and plugging and abandonment (P&A) of seven subsea wells on Tullow Oil’s Banda and Tiof fields.

The Banda and Tiof fields are two oil and gas accumulations offshore Mauritania in water depths from 200m to 1,200m. The licenses are located approximately 53km and 84km offshore Nouakchott, Mauritania.

Petrofac assumes responsibility for the subsea well decommissioning scope from Maersk Decom, which has been preparing the work since 2020. By mutual agreement, the parties have novated the contract to Petrofac. The company will take immediate responsibility for the project, with the offshore scope running from 4Q 2022 through 1Q 2023.

As detailed by Petrofac, it will provide all personnel, assets and equipment required for the project, including management of the Island Innovator drilling rig and offshore support vessels.


As a reminder, in December 2021, Island Drilling secured two new contracts for its Island Innovator rig, one with Petrofac in the UK North Sea and another with Maersk Decom for P&A operations offshore Mauritania.

The contract with Maersk Decom was for plugging and abandonment of four firm and one optional well in the Banda and Tiof fields. It was agreed that the contract would begin in 4Q 2022 for an estimated duration of 75 days.


Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business, said: “Today’s award is a further demonstration of the international demand that exists for the skills and quality of delivery we have established in the North Sea.

“Since 2016 Petrofac has delivered three successful decom campaigns for Tullow Oil.

We look forward to emulating this success for them in Mauritania, and across the African continent as we continue to grow our business here.”

[subsurface] 17/5/2022 16:26

Stick with the plan, Jubilee shutdown should be about completed and POO over $115 at the moment.

[mccracken227] 17/5/2022 15:24

hTTps://www.theafricareport.com/204447/ghana-turnaround-will-generate-12bn-in-revenues-tullow/

[fizzmiss] 16/5/2022 21:56

Great news, oil is holding up, because if it drops a measly $3, then TLW will drop 5p.

Wonder where Raul is?

Wheres Raul?

[fizzmiss] 16/5/2022 13:02

As previously mentioned; Raul has been notoriously poor in getting the best deal for investors, so don't expect much with this one:

hxxps://www.businessdailyafrica.com/bd/economy/no-deal-in-sight-on-strategic-turkana-oil-investor-search-3816548